JINHUI(SH:603919)2023-04-21 16:00Financial Performance - The company's operating revenue for Q1 2023 reached ¥893,255,321.04, representing a year-on-year increase of 26.61%[6] - The net profit attributable to shareholders was ¥181,808,188.72, reflecting a growth of 10.41% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥181,204,455.81, an increase of 11.16% year-on-year[6] - Basic earnings per share were ¥0.36, up by 12.50% from the same period last year[6] - Operating profit for Q1 2023 was ¥220,986,136.73, slightly up from ¥207,514,141.79 in Q1 2022, reflecting a growth of 6.5%[22] - Net profit for Q1 2023 was ¥181,158,316.06, compared to ¥164,609,978.59 in Q1 2022, marking an increase of 10.0%[23] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥4,226,684,453.98, an increase of 3.20% from the end of the previous year[6] - Total liabilities decreased to ¥891,828,563.23 as of March 31, 2023, down from ¥944,417,284.32 at the end of 2022, a reduction of 5.6%[17] - Cash and cash equivalents increased to ¥1,031,433,375.80 from ¥810,134,671.99, representing a growth of 27.3%[15] - Inventory decreased to ¥1,442,623,851.93 from ¥1,512,415,467.54, a decline of 4.6%[15] - Total cash and cash equivalents at the end of Q1 2023 amounted to approximately $1.03 billion, compared to $920.68 million at the end of Q1 2022, reflecting an increase of about 12.24%[28] Cash Flow - The net cash flow from operating activities was ¥234,028,760.96, showing a decrease of 12.92% compared to the previous year[6] - The net cash flow from operating activities in Q1 2023 was approximately $234.03 million, a decrease of about 12.87% compared to $268.74 million in Q1 2022[27] - The total cash inflow from operating activities in Q1 2023 was approximately $946.18 million, an increase of about 10.54% from $856.11 million in Q1 2022[27] - The cash flow from other operating activities in Q1 2023 was approximately $15.60 million, compared to $10.29 million in Q1 2022, marking an increase of about 51.56%[27] - The net increase in cash and cash equivalents for Q1 2023 was approximately $225.78 million, down from $254.41 million in Q1 2022, reflecting a decrease of about 11.29%[28] Government Support and Costs - The company received government subsidies amounting to ¥881,166.67 during the reporting period[6] - The company attributed the revenue growth to optimized marketing strategies and expanded market presence[8] - The increase in net profit was lower than revenue growth due to higher advertising and raw material costs[8] Research and Development - Research and development expenses for Q1 2023 were ¥11,779,800.67, up from ¥8,167,819.67 in Q1 2022, reflecting a growth of 44.5%[22] Contract Liabilities - The company reported a decrease in contract liabilities to ¥427,277,525.54 from ¥509,820,434.43, a decline of 16.2%[16]